JPMorgan: The fall in Bitcoin prices has a huge impact on mining companies
ChainCatcher reports, according to Decrypt, that a report from JPMorgan shows the total market value of top US mining companies fell by 22% in February, about $6 billion.
Previously, the price of Bitcoin had fallen by 10%, and is currently priced at $87,300. The report also pointed out that miners' daily block reward income has decreased by 5%. Mining operations costs have increased due to market sentiment and trade wars, causing investors to turn towards risk aversion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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